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What is Global Asset Management Trends 2023 about?

The global asset management industry has reached a turning point that will require changes to its operating model. For decades, strong market performance drove 90% of revenue growth, but interest rate hikes in 2022 caused a $10 trillion drop in global assets under management. Asset managers now face pressures including less guaranteed growth, fee compression, rising costs, and difficulty innovating. Transformational changes will be needed for asset managers to continue prospering in the new economic environ

Author

Vicko

Language

EN